Business

Business, 10.07.2019 20:30, erikamaldonado661

Assume that the union wage already exceeds the market-clearing wage. if the union wage is increased, holding other factors constant, then the number unemployed and the number employed select one: a. increases; increases b. increases; decreases c. increases; does not change d. decreases; increases

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Business, 22.06.2019 07:30, xmanavongrove55

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]

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Mathematics, 13.07.2019 01:30, Tnguyen8160

Consider the following estimated regressions: log(wage) - 1 0.05union wage = 30 + 10union union- 0.2 + 0.05iq union - 0.2 + 0.05log(iq) log(wage) 10.93 log(educ) 0.04exper-0.0006exper2 0.17female - 0.011female * exper where, wage is in dollars per hour, union is a dummy variable that takes 1 when the worker is unionized, iq is in points, education and experience are in years and female is another binary variables that takes the 1 when the worker is female

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Business, 30.07.2019 10:00, yoogirlchloee

Assume that the union wage already exceeds the market-clearing wage. if the union wage is increased, holding other factors constant, then the number unemployed and the number employed

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Business, 19.09.2019 20:00, vegasherlyn

An efficiency wage is a. an above-market wage paid by a firm to maximize the output of the firm. b. a below-market wage paid by a firm to maximize firm profits. c. an above-market wage paid by a firm to maximize worker productivity. d. equal to the market-clearing wage, so that social welfare is maximized.

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